Tron (TRX) on Verge of Flipping Cardano

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Amidst the current market downturn and price volatility affecting many assets, Tron (TRX) maintains a bullish outlook, potentially surpassing Cardano (ADA). Despite market fluctuations, the decentralized proof-of-stake blockchain has remained above $0.2289, a price point that has spurred significant growth in its market capitalization.

Tron Gains Momentum as Cardano Struggles

According to CoinMarketCap data, TRX's market cap increased by 1.27% to $22.16 billion in the last 24 hours. This growth brings it closer to Cardano, which is experiencing more pronounced market turbulence.

In the same period, ADA's market cap decreased by 5.15%, dropping to $22.57 billion, following a significant price dip of over 5%.

Currently, ADA's higher trading volume is the primary factor maintaining its lead over TRX. Tron's trading volume decreased by 11.94% to $400.17 million, despite the price increase, suggesting investor hesitancy. Conversely, ADA's trading volume increased by 26.21% to $620.95 million, indicating continued investor activity despite the price drop.

However, if trading volume on both chains equalizes and TRX investor participation increases, Tron could surpass Cardano in market capitalization. Currently, Cardano holds a $410 million lead. Market analysts believe continued TRX growth and ADA decline could easily erase this difference. Furthermore, positive developments within the Tron ecosystem, such as the growth of its USSD stablecoin staking, could further boost its value.

What's Next for ADA and TRX?

Cardano is struggling to recover from its recent decline. It recently lost its eighth-place ranking to Dogecoin (DOGE), falling to ninth. Given the current trends, Tron's potential to surpass Cardano and push it to tenth place poses a significant threat, potentially signaling further bearish pressure on ADA. Read the original article on U.Today